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Management of defunct GN Bank has explained that its decision to operate as a savings and loans company was because it still wants to operate as a Ghanaian institution aimed at promoting financial inclusion and serving the needs of ordinary Ghanaians.

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Owner of the now-defunct GN Bank, Dr. Paa Kwesi Nduom has reacted to his bank being downgraded to a savings and loan company. The Bank of Ghana on Friday January 4, 2019 announced that GN failed to meet the mandatory minimum capital of ¢400 million by the deadline given. "Consequently, GN Bank has applied for, and the Bank of Ghana has approved the grant of a savings and loans...

The Central Bank has given a detailed explanation its decision to revoke the license of Premium Bank Limited as it ends its two-year Banking Sector Reforms. At a press conference at the Bank of Ghana head office in Accra, the Governor, Dr Ernest Addison disclosed that Premium Bank Limited has continuously breached the Capital Adequacy Ratio (CAR) requirement since December...

Metro TV’s Good Evening Ghana host, Paul Adom-Otchere, has asked the governor of the central bank, Dr Ernest Addison, to “sit up” and start conducting himself in a manner befitting his office, since his numerous press conferences and contradictions are uncomplimentary of the office he holds. Taking the governor on in his editorial segment of his show on Tuesday, 8 January 2019,...

Ladies and Gentlemen, when the current Management of the Bank of Ghana took office in early 2017, the banking sector was faced with many challenges. We inherited a financial system which was under a considerable state of distress, with banks that were not meeting the capital adequacy requirement and others whose capital was eroded with high non-performing loans. Some of these...

Chief Executive Officer of Bond Savings and Loans says the firm is set to use technology to drive its activities in a bid to remain a market leader in the financial sector. George Ofosuhene tells JoyBusiness that Bond continues to engage financial technology firms on the best ways of using technology especially in mobilizing deposits. According to him, Bond will “continue to be...

Financial analyst and Member of Parliament for Bolgatanga Central, Mr Isaac Adongo, has accused the government of attempting to sell the ADB Bank and the National Investment Bank (NIB) through the Ghana Amalgamated Trust Limited support package for solvent but undercapitalised indigenous banks. By supporting private pension funds to invest in five banks, including ADB and NIB,...

Workers at India\'s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate wage rises. The strike, by the All India Bank Officers\' Confederation (AIBOC), impacted trading volumes in foreign exchange and debt markets, said traders.
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Workers at India\'s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate wage rises. The strike, by the All India Bank Officers\' Confederation (AIBOC), impacted trading volumes in foreign exchange and debt markets, said traders.
News18 Urdu is one of India’s leading news channel in Urdu language. Please subscribe to watch live and breaking news with latest videos added every hour.
Please visit our news18urdu.com for latest opinions and detailed news coverage...

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Workers at India\'s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate wage rises. The strike, by the All India Bank Officers\' Confederation (AIBOC), impacted trading volumes in foreign exchange and debt markets, sa